An “entrepreneur” refers to someone who sets up a business; he usually starts something new. Therefore when you refer to “entrepreneurship” you are talking about the activities associated with an entrepreneur. The word is of French origin. By the way, the word “entrepreneur” has given rise to a new word, “intrapreneur”. Like an entrepreneur, this individual starts something new as well. But unlike the entrepreneur, an “intrapreneur” doesn’t set up a business of his own. He works within an organisation and comes up with new inventions.
The first syllable is like the word “on”, and the “e” in the second and third syllable is pronounced like the “a” in “china”. The “eur” in the fourth syllable is like the “er” in “herd” and “nerd”. The final syllable is pronounced like the word “ship”; the main stress is on “eur”.